Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Forex.

A global marketplace where national currencies are exchanged against each other.  A combination of the words “foreign exchange,” it functions by changing one currency into another.  This is done for the purposes of commerce, trade, or tourism.  In trading, forex traders attempt to make a profit based on speculating the direction a country’s currency will move in the future.